Yahoo looks to buy stake in video-sharing site Dailymotion

Yahoo is in talks with France Telecom, which owns Dailymotion, to buy as much as 75 percent of the site, The Wall Street Journal reports.

Dailymotion. Screenshot by Donna Tam/CNET

Yahoo CEO Marissa Mayer is working on buying a controlling stake in video-sharing site Dailymotion, The Wall Street Journal reported today.

Unnamed sources told the Journal that Yahoo is in talks with France Telecom, the company that owns Dailymotion, to buy as much as 75 percent of the site. The site may be valued at about $300 million.

It's far from a done deal at this point, according to the Journal's sources, but Yahoo could use a boost in the video-sharing space, which is mainly dominated by services like Google's YouTube.

Although Mayer purchased a recommendations startup late last year to fortify Yahoo's presence on mobile, Dailymotion would be her first big acquisition since she took over as CEO.

About the author

Donna Tam covers Amazon and other fun stuff for CNET News. She is a San Francisco native who enjoys feasting, merrymaking, checking her Gmail and reading her Kindle.

 

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